The Company continued to generate significant operating leverage in the quarter with net income up 44% to $207,000 and EBITDA up 31% to $289,000 on sales increases of 3.2% to $2.1 million. Sales for the first nine months of the year were up 3.5% to $6.4 million with net income improving 58% to $646,000 and EBITDA improving 39% to $882,000. Cash flow from operations for the nine-month period increased 51% to $711,000. Trailing twelve month net income improved to $1.1 million, with earnings per share (basic and diluted) of $0.02.

"We are continuing to face headwinds in accelerating our sales growth due to the strength of the US dollar," said David Wolf, President and Chief Executive Officer of Hamilton Thorne Ltd. "Nevertheless, while sales for the quarter were up 3.2%, total systems shipped were up over 11% in part due to product mix and in large part due to aggressive incentives that we have put in place to continue to build market share. At the same time, we increased our gross profit margin for the quarter to 63.9%, primarily due to increased sales of high-margin software, consumables and services with recurring revenues."

Mr. Wolf continued, "We are also continuing to focus more of our activities and resources on expanding the breadth of the products and services that we offer through our own development efforts and a strategy of selective acquisitions of complementary products and companies in our field."

Three and Nine Month Periods Ending June 30

Three Months

Nine Months

Statement of Operations

2015

2014

2015

2014

Sales

$2,074,514

$2,009,656

$6,407,110

$6,189,440

Gross profit

1,324,440

1,245,592

4,093,385

3,901,936

Operating expenses

1,063,196

1,043,772

3,280,702

3,325,836

Net income

206,994

144,007

645,794

408,153

EBITDA

289,448

221,751

882,255

635,893

Basic earnings per share

$0.003

$0.003

$0.011

$0.008

Diluted earnings per share

$0.003

$0.003

$0.009

$0.008

All amounts are in US dollars, unless specified otherwise, and results, with the exception of EBITDA, are expressed in accordance with the International Financial Reporting Standards ("IFRS").

Financial statements and accompanying Management Discussion and Analysis for the periods are available on www.sedar.com and the Hamilton Thorne website.

Hamilton Thorne's growing customer base includes pharmaceutical companies, biotechnology companies, fertility clinics, university research centers, and other commercial and academic research establishments worldwide. Current customers include world-leading research labs such as Harvard, MIT, Yale, McGill, DuPont, Monsanto, Charles River Labs, Jackson Labs, Merck, Novartis, Pfizer, and Oxford and Cambridge.

Neither the Toronto Venture Exchange, nor its regulation services provider (as that term is defined in the policies of the exchange), accepts responsibility for the adequacy or accuracy of this release.

The Company has included earnings before interest, income taxes, depreciation and amortization, ("EBITDA") as a non-IFRS measure, which is used by management as a measure of financial performance. See section entitled "Use of Non-IFRS Measures" in the Company's Management Discussion and Analysis for the periods covered for further information.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict including the risk that the Company may not be able to obtain the necessary regulatory approvals, as applicable. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com